[Suzanne S. Barnhill]

If this were the Word 2007 Beta, I could say that this is a known issue, but
for Word 2003, I'm out of ideas unless you have some scaling option set in
the printer Properties (Daiya's suggestion of "Pages per sheet" would be a
possibility if it were not the case that Word resets the Print dialog to the
default settings every time).

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Suzanne S. Barnhill
Microsoft MVP (Word)
Words into Type
Fairhope, Alabama USA
Word MVP FAQ site: http://word.mvps.org
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Suzanne S. Barnhill wrote:
If Track Changes was enabled, then it is printing reduced to allow a
larger
margin for the "balloons."

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This was not just reduced margins. The whole document (which is nearly
a full letter sized page) was printed in the top center and is about 1
1/2 X 2 inches.